Geopolitical concerns over Hong Kong, Iran join Evergrande updates to test advances.Asian equities grind higher as optimistic headlines from China battle firmer Treasury yields and geopoliticalduring a sluggish session on Thursday. That said, MSCI’s index of Asia-Pacific shares ex-Japan rises 0.10% while Japan’s Nikkei 225 drops by the same magnitude at the latest.
Elsewhere, the record covid cases in multiple nations seem to push policymakers towards rethinking over the previous easing of activity restrictions during the holiday period. Recently, Australia Prime Minister Scott Morrison said, “Omicron indicates that Australia needs to reset its pandemic response.”
It’s worth noting that Wall Street closed mixed the previous day even as DJI 30 refreshed all-time high. The reason could be linked to the strong US Treasury yields.To sum up, global markets are consolidating ahead of the 2021 end amid a lack of major data/events.
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Source: FXStreetNews - 🏆 14. / 72 Read more »